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NewsForeign accounts

Foreign accounts News

03 May 2017

HSBC foreign accounts case: Govt raises Rs 5,419 crore tax demand

The government has raised tax demand of Rs 5,419 crore on individuals who had undisclosed offshore accounts with HSBC of which around Rs 337 crore has been recovered.

Tax return forms

28 May 2015

Court pulls up I-T Dept for withholding info on foreign accounts

A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.

27 Oct 2014

Have no foreign a/c, no idea how I was named: Pankaj Lodhiya

Named by the government as one of the foreign account holders in connection with the black money case, Rajkot-based bullion trader Pankaj Chimanlal Lodhiya expressed shock saying he had no idea how he was named in the list as he has no foreign bank account.

19 Oct 2014

Black money study reports yet to be accepted: Finance Ministry

The Finance Ministry is yet to accept two of the three reports submitted to it on the assessment of black money in India and abroad which were commissioned by the UPA government three years ago.

17 Oct 2014

Black Money Case: Can't disclose names of account holders, Centre tells SC

The Centre on Friday filed an application in the Supreme Court, saying it cannot disclose details of foreign accounts held by Indians in countries which are governed by bilateral double taxation avoidance treaties.

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